𝔖 Bobbio Scriptorium
✦   LIBER   ✦

The product insurance

✍ Scribed by J Riege

Publisher
Elsevier Science
Year
1993
Tongue
English
Weight
102 KB
Volume
12
Category
Article
ISSN
0167-6687

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πŸ“œ SIMILAR VOLUMES

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✍ B. KromschrΓΆder πŸ“‚ Article πŸ“… 1998 πŸ› Elsevier Science 🌐 English βš– 109 KB

## Abstracts and Reviews conclusion that the learning process is rational, the character of the learning process differs depending on the risk level. Risk-related variables are much better predictors of large risks than of small risks, which reflects the role of information costs and the benefits

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✍ Christian Gollier πŸ“‚ Article πŸ“… 1996 πŸ› Elsevier Science 🌐 English βš– 286 KB

We consider a risk-averse firm facing output price uncertainty. Contrary to Machnes (1995), we show that a fair deductible insurance does not need to increase the optimal level of output. We provide some sufficient conditions to obtain an unambiguous comparative static effect.